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Gold Price Per Gram UK - Live Rates 2025

Gold price per gram UK is updated live for all purities. Get instant valuations for 9ct, 18ct, 22ct, and 24ct gold with our free calculator.

Current Gold Prices Per Gram UK

Live market rates updated daily at 3 AM

PurityGold ContentPrice Per GramCommon Uses
24ct (999)99.9%£65.60Bullion, investment bars
22ct (916)91.6%£60.15Sovereigns, Asian jewelry
18ct (750)75.0%£49.20Fine jewelry, watches
9ct (375)37.5%£24.50Everyday jewelry, chains

What Affects Gold Price Per Gram UK?

Understanding the factors that influence gold prices helps you make informed buying and selling decisions.

Currency Exchange Rates

Gold is priced in US dollars globally, so the GBP/USD exchange rate significantly impacts UK gold prices per gram. A weaker pound makes gold more expensive for UK buyers, while a stronger pound reduces the price.

Central Bank Demand

Central banks worldwide purchased 900 tonnes of gold in 2025, driving prices higher. This structural trend of increased central bank buying supports higher gold prices through 2026 and beyond.

Geopolitical Factors

Over 31% of investors cite geopolitical tensions (Middle East conflicts, Russia-Ukraine war, US-China relations) as the greatest impact on gold prices. Uncertainty drives investors to gold as a safe-haven asset.

Inflation & Interest Rates

Gold is traditionally seen as an inflation hedge. When inflation rises or interest rates remain low, gold becomes more attractive as it maintains purchasing power better than cash.

Gold Price Trends & 2025 Forecast

Current Market Performance (2025)
Gold Price (September 2025)$3,862 /oz
Year-on-Year Increase+45.2%

Gold has continued its strong performance in 2025, driven by trade uncertainty, geopolitical risks, and sustained central bank buying. This represents one of the strongest annual performances in recent decades.

Gold Price Forecast 2025-2026
Predictions from J.P. Morgan Research

Q4 2025 Forecast

$3,675 /oz average

Expected to maintain strong levels through year-end

Mid-2026 Target

$4,000 /oz

Continued upward trajectory expected into 2026

Investment Insight: Analysts expect gold prices to climb toward $4,000 per ounce by mid-2026, supported by ongoing economic uncertainty and strong institutional demand. For UK buyers, exchange rate fluctuations will also play a significant role in pound-denominated prices.

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Gold Price Per Gram UK - Frequently Asked Questions

What is the gold price per gram in the UK today?

The gold price per gram UK today is £65.60 for 24ct gold (99.9% pure), £60.15 for 22ct gold, £49.20 for 18ct gold, and £24.50 for 9ct gold. These prices are based on the current spot price and are updated daily.

How is the gold price per gram calculated?

Gold price per gram is calculated based on the current spot price of gold (24ct/99.9% pure) and then adjusted for purity. For example, 18ct gold is 75% pure, so its price per gram is 75% of the 24ct gold price. The spot price is set by global markets and fluctuates throughout the trading day.

Which gold purity is most valuable per gram?

24ct gold (99.9% pure) is the most valuable per gram at £65.60. However, different purities are used for different purposes: 22ct for sovereigns, 18ct for fine jewelry, and 9ct for everyday jewelry. The total value depends on the gold content.

Do UK dealers pay the full gold price per gram?

No, UK gold dealers typically pay 70-85% of the spot gold price per gram when buying scrap gold. This accounts for refining costs, business margins, and the condition of the item. Always get multiple quotes to ensure you're getting a fair price.